Lec Energy Corporation (Vietnam)

According to LEC GROUP CORPORATION's annual report 2020, it was one of LEC GROUP CORPORATION's subsidiaries. Now, we cannot collect its current shareholders. On the media search, LEC group belongs to Mr. Phuong Huu Viet's ecosystem, including VietABank, Viet Phuong group, Capella group (LEC group's founder), Infinity group, etc. In 2023, Capella group's investors were Phuong Minh Tuan (30%), Nguyen Thu Hang (30%) and Phuong Thuy Lien (40%). In addition, Phuong Thanh Long (Mr. Phuong Huu Viet's nephew) and Mr. Nguyen Van Trong are Chairman and General Director, respectively, of VietABank now. In addition, Mr. Nguyen Van Trong is one of the right-hand mens of VietABank's Chairman.As gathered, some customers of the company were INTERNATIONAL WOODCHIP CORPORATION PTE LTD (L/C issued by Bank Sinopac Hong Kong HK in 2021-2022), CHINA HUADIAN ENGINEERING CO., LTD (L/C issued by Industrial and Commercial Bank of China – Beijing Municipal Branch in 2022), TOKYO PULP AND PAPER INTERNATIONAL CO.,LTD (L/C issued by MUFG Bank Ltd in 2022). The subject aims to export 1 million tons of wood chips/biomass by 2023 and to be in the TOP 3 exporters of woodchips/biomass in Vietnam by 2025. Based on our source, it is ranked seventh position in top 10 companies in the same industry.It is member of LEC group which LEC GROUP CORPORATION is a key company. LEC group's 5 year strategy for woodchips is to promote sales in Japanese and Chinese markets; to develop production purchasing in the Phu My in parallel with trade in the form of business co-operation in the Central region through Chan May port; to develop satellite factories into LEC factories. The group's major businesses are logistics services, energy and goods connection. LEC energy is operating factories producing wood chips, biomass and wood pellets for export to South Korea, China, Japan, etc.Most of companies, belongs Mr. Viet's ecosystem, are type of business – Joint Stock Company. Thus, it is difficult to find out their ultimate parent company. All information about his ecosystem is gathered on the media search. The information will help us explain reasons which it and LEC Group Corporation has borrowed money from VietABank. In addition, Mr. Viet has more than 20 years of experience in many industries. This will receive backs from his experience and his relationships.